Stake sale · Financial Services

Nila Spaces buys 1.4% stake in Alt DRX

By Startup Enthusiast · 4 February 2026

What they do

Alt DRX is a fintech startup that tokenises real estate assets on blockchain

Nila Spaces, a Gujarat developer, invested ₹6 crore for about 1.4% stake in Alt DRX

The partnership aims to create tokenised housing products for fractional ownership

Nila Spaces, an Ahmedabad-based real estate developer, has acquired a minority stake in Alt DRX for ₹6 crore.
The stake is approximately 1.4% of Alt DRX.
Other participants in the investment include global institutions and Indian family offices.
Alt DRX is a fintech startup that tokenises real estate assets on the blockchain.
The platform allows fractional ownership of residential real estate, with increments as small as 1 square foot.
It uses Ripple's XRPL for secure and transparent transactions.
Investors earn monthly rental income and long-term capital appreciation.
The partnership will develop regulatory-compliant, tokenised housing products for fractional ownership.

Nila Spaces is transitioning from traditional development to digital financial innovation.
The company is a key player in Gujarat real estate and GIFT City.
The goal is to create a more liquid and accessible real estate market in India.

Alt DRX is a fintech startup specialising in tokenisation of real estate assets.
Its platform enables fractional ownership of residential real estate.
Users can buy or sell in increments as small as 1 square foot.
Transactions are recorded on Ripple's XRPL blockchain for security and transparency.
Investors receive monthly rental income plus potential capital appreciation.
The company focuses on investor-friendly products with institutional-grade governance.
Nila Spaces is a design-led developer part of Sambhaav Group, led by Deep Vadodaria.
Nila Spaces works on residential, commercial, affordable housing, luxury apartments, and GIFT City projects.
It holds a significant land bank in Gujarat.

Develop regulatory-compliant, tokenised housing products for fractional ownership.
Create a more liquid and accessible real estate market in India.

Nila Spaces (lead) — Ahmedabad-based real estate developer, part of Sambhaav Group, led by Deep Vadodaria.

Product: Tokenized real estate marketplace enabling fractional property ownership from 1 square foot with algorithmic pricing and blockchain settlement
Customers: Individual investors seeking real estate exposure with flexible investment amounts
How it makes money: B2C digital asset marketplace with blockchain-powered transactions and custody
What sets it apart: Fractional ownership model, algorithmic daily pricing, instant settlements, blockchain transparency on XRPL